Streetbeat News

MTSUY

Mitsubishi Corporation

https://www.mitsubishicorp.com/jp/ja/

Industry

Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)

Open

17.10

Mkt cap

66B

Volume

1.7K

High

17.30

P/E Ratio

10.24

52-wk high

21.70

Low

17.08

Div yield

0.00

52-wk low

17.08

Honda Motor Co., Ltd. (NYSE:HMC) is set to launch its new N-VAN e, a mini-electric vehicle designed for commercial use, in Japan on October 10, 2024. This model is part of Honda's strategy to achieve 40% of its global sales from electric and fuel cell vehicles by 2030. The N-VAN e: features advanced EV technology, a large-capacity battery, and a practical range of 245 km. Honda is also collaborating with Mitsubishi Corp. (OTC:MTSUY) on battery technologies through their joint venture ALTNA Co.

Portfolio Pulse from Shivani Kumaresan

June 13, 2024 | 12:27 pm

TotalEnergies SE (TTE) has acquired Talos Energy Inc.'s (TALO) Low Carbon Solutions for $148 million, including its carbon capture and sequestration business. The deal gives TotalEnergies a stake in three U.S. Gulf Coast projects. Additionally, TotalEnergies joins an international coalition, the e-NG Coalition, with companies like ENGIE Brasil Energia SA (EGIEY) and Mitsubishi Corp. (MTSUY) to support e-natural gas development.

Portfolio Pulse from Lekha Gupta

March 19, 2024 | 11:16 am

Goldman Sachs highlights 'Seven Samurai' stocks as leading Japanese equities, showcasing their performance and potential compared to the U.S.'s 'Magnificent Seven'. These stocks, including Tokyo Electron, Mitsubishi Corporation, Toyota, Nintendo, Fast Retailing, Sony, and Mitsubishi UFJ Financial Group, offer diversified investment opportunities with lower valuations and higher yields. Warren Buffett has invested in one of these, Mitsubishi Corp, through Berkshire Hathaway. Additionally, ETFs like iShares MSCI Japan ETF, iShares Currency Hedged MSCI Japan, and iShares MSCI Japan Value ETF provide exposure to these equities.

Portfolio Pulse from Stjepan Kalinic

March 14, 2024 | 5:28 pm

Peru has approved a $2 billion expansion of the Antamina copper and zinc mine, owned by Glencore PLC, BHP Group Ltd, Teck Resources, and Mitsubishi Corporation. The project aims to extend the mine's life from 2028 to 2036, increasing its area by 25% and deepening the open pit. This expansion is crucial for Peru to maintain its position as a leading copper producer and for the global supply amid the transition to a low-carbon economy.

Portfolio Pulse from Stjepan Kalinic

February 19, 2024 | 5:05 pm

Mitsubishi Motors has decided to cease automobile production in China due to rising EV popularity and strong local brands. The company has started final withdrawal talks with China's Guangzhou Automobile Group (GAC), with which Mitsubishi has a joint venture. GAC Mitsubishi Motors owns a manufacturing plant in Hunan province, which ceased production in March. GAC plans to convert the Hunan plant for EV manufacturing. Mitsubishi Motors and Mitsubishi Corp. are pulling their investments.

Portfolio Pulse from Akanksha Bakshi

September 27, 2023 | 12:06 pm

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